2176: How Do the Wealthy Invest? by Nick Maggiulli

Optimal Finance Daily - Financial Independence and Money Advice

Optimal Living Daily LLC

Investing, Business, Education, Self-improvement

4.4 • 1.3K Ratings

🗓️ 20 January 2023

⏱️ 11 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Nick Maggiulli talks about how the wealthy invest Episode 2176: How Do the Wealthy Invest? by Nick Maggiulli The goal of Of Dollars And Data is to help you make better financial decisions using the best information available. Ultimately, Nick wants you to act smarter and live richer. As a result, this blog will cover ideas such as: -What to expect from financial markets -How to think about risk -How to time investment purchases -How to find good information and ignore bad information -How to organize and manage your finances -The best ways to increase your long-term wealth And much, much more. Though the ideas presented on this blog won’t revolutionize finance, they will provide you with a different perspective on money that you can use in your everyday life. Nick is sure of this because of the hundreds of hours of research that went into the more than 300 posts currently published on this blog. The original post is located here: https://ofdollarsanddata.com/how-do-the-wealthy-invest/ Visit Me Online at OLDPodcast.com Interested in advertising on the show? https://www.advertisecast.com/OptimalFinanceDaily Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0	This episode is brought to you by London Business School.
0:03.8	Looking to accelerate your business, or understand the opportunities in AI or ESG, are you thinking
0:09.3	about taking the plunge into entrepreneurship, or about what leadership skills will take
0:13.6	you to the next level?
0:15.0	To listen to the latest insights and discussion from LBS faculty, subject experts and industry
0:20.4	insiders, look for podcasts from London Business School, navigate the now, and be prepared
0:25.6	for what's next, with London Business School.
0:30.4	This is Optimal Finance Daily, episode 2176.
0:34.5	How do the wealthy invest by Nick Majouli of of dollars and data.com?
0:40.1	And I'm your host and personal finance enthusiast, Diana Mariam.
0:44.2	For now, let's get to today's post as we optimize your life.
0:52.4	How do the wealthy invest by Nick Majouli of of dollars and data.com?
0:59.4	Do the wealthy invest differently from everyone else?
1:02.3	And if so, what can we learn from them?
1:05.2	Bank of America released their 2022 private bank study of wealthy Americans, which attempted
1:10.6	to answer some of these questions.
1:13.0	Their study, which took place from May to June of 2022, asked 1,052 households with more
1:19.3	than 3 million in investable assets, how they invest, and how they felt about different
1:24.3	asset classes as well.
1:26.7	Among their key findings were.
1:29.2	Younger wealthy households, those aged 21 to 42, were more skeptical of traditional
1:35.1	investments and more likely to support sustainable investing, that is ESG, than older wealthy
	...

Transcript will be available on the free plan in -800 days. Upgrade to see the full transcript now.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Optimal Living Daily LLC, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Optimal Living Daily LLC and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.